ITG Deploys Aleri CEP Technology for Market Data Consolidation

Aleri Inc., a leading provider of enterprise-class complex event processing (CEP) technology and CEP-based solutions, today announced that Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, has deployed Aleri’s Market Liquidity Analysis (MLA) engine for real-time consolidation of trade, order and quote data across multiple exchanges and alternative trading systems.

"We originally selected Aleri CEP as an application development platform based on the strength of their technology and their robust capabilities as a technology supplier. Since that time we have expanded its use by bringing in Aleri’s MLA platform, allowing us to produce consolidated trade, quote and order book data that is tailored to our needs,” said David Meitz, Managing Director and Chief Technology Officer at ITG.

Built on Aleri’s enterprise-class CEP technology, the Aleri MLA engine consolidates level 1 and/or level 2 market data to provide a single consolidated record for each security showing last trade, best bid/offer and related data as well as consolidated full depth order books. It is customizable, allowing the user to choose which venues to include and venue filtering can even be done dynamically, according to rules. Data can be sourced from consolidated feeds, direct feeds or a mix of the two. Other features include currency conversion using live rates for multi-currency consolidation and/or output in alternate currencies.

"ITG has been a longtime customer and we are delighted that they have now deployed our MLA engine. They are an exceptionally innovative and focused organization. It has been a true partnership from the beginning, and we look forward to continuing to support their ongoing efforts on a global basis,” said Don DeLoach, CEO of Aleri.

The Aleri architecture has been designed to be scalable, capable of handling the high throughput needed for major market consolidation with consistent low latency. Consolidated low-latency real-time market data can be streamed into consuming applications or published onto a market data platform. The Aleri high-level CEP authoring tools can be used to add custom logic to extend the server functionality with market analytics, logic for smart order routing, or trading algorithms.

About ITG

Investment Technology Group, Inc., is a specialized agency brokerage and financial technology firm that partners with asset managers globally to provide innovative solutions spanning the investment continuum. A leader in electronic trading since launching POSIT in 1987, ITG’s integrated approach now includes a range of products from portfolio management and pre-trade analysis to trade execution and post-trade evaluation. Asset managers rely on ITG’s independence, experience, and agility to help mitigate risk, improve performance and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe and the Asia Pacific region. For more information on ITG, please visit www.itg.com.

About Aleri

Aleri, a leading provider of enterprise-class complex event processing (CEP) technology and CEP-based solutions, provides a high performance platform to quickly build and deploy real-time applications that can analyze and respond instantly to high-volume, high-speed data to minimize risk and increase competitive advantage. In March of 2009 Aleri merged with Coral8, combining two leading providers of CEP technology to expand market reach and increase the speed of innovation for next-generation, real-time event processing technology and solutions. The combined product family offers a comprehensive software suite for developing, implementing and delivering real-time analytics and Continuous Intelligence™ for time-critical business decisions.

Driven by market demand, Aleri also provides CEP-powered solutions that address specific challenges and enables the financial industry to respond faster to changing conditions and make better decisions through more timely information. Aleri’s CEP powered solutions include:

• Aleri Liquidity Management System (LMS) - provides end-to-end real-time management of cash and liquid assets to reduce short term liquidity risk and ensure optimal funding
• Aleri Market Liquidity Analysis engine (MLA) - consolidates and analyzes multiple order book feeds from individual exchanges to provide a powerful tool for trading in fragmented markets.
• Aleri Real-Time Risk Monitor framework - provides a template for rapid implementation of a customized, comprehensive solution for consolidating positions, limits and exposures across asset classes in real-time to manage both credit and market risk
• Liquidity Risk Manager (LRM) - provides a flexible liquidity stress testing environment that enables banks to model stress events and gain insight into how different scenarios would impact the bank’s liquidity exposure.

Aleri is a global company headquartered in Chicago with offices in Mountain View, New York, New Jersey, London, and Paris. For more information, visit www.aleri.com.